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Updated 18 minutes ago

A Spacious 4 Bdrm + Office, 3 Bath


365 N Lexington Dr Folsom, CA

4 Bed
•
3 Bath

2,926 Sq. Ft.

Available Now
4 Beds • 3 Bath
$3,850
2926 ft2
1 Available
Managed By: Residential Equity Management
-
$3,850
Available Now
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Description

Great Location - walk to Oak Chan Elementary and Castle Park. This super clean two story 4 bdrm + office, 3 bath home features, new paint, tile floors, carpet and wood floors, granite counters, stainless steel appliances, living room w/ fireplace, dining room, family room, formal dining room and inside laundry. Both front and backyards are fully landscaped with auto sprinklers, patio cover and gardener included. Attached two car garage w/ opener.
Close proximity to Hwy 50, Vista HS, Mercy Hospital and shopping.
Rent $3850.00
Security deposit $3800.00
Pets: Negotiable
Utilities: Tenant pays water, sewer, garbage
Application fee is $45 per adult.
Screening guidelines: All individuals planning on living at the property over the age of 18, must apply.
QUALIFICATIONS:
The following items are used as criteria to determine whether a resident will be accepted for a rental home with Residential Equity Management.
This property accepts SHRA / Housing Choice Vouchers and other lawful sources of rental assistance. In accordance with California law, voucher amounts will be considered part of the applicant's total income. All applicants are subject to the same screening standards, including:
Verifiable income of at least 3x the tenant responsible portion of rent and utilities.
1. The total income for the household must be at least 3 times the monthly rent. All income must be lawful and verifiable. We will ask for a current pay stub for each applicant. This property accepts State/Federal Housing subsidy programs as a source of income.
2. A credit & unlawful detainer check will be ran.
3. Landlord history will be verified for at least the last 2 years & employment verification. Again, if any applicant has had an eviction, the application will be declined.
4. A credit score of at least 650 is normally required.
5. Co-signer: only if noted as such in property terms.
6. All adults (18 years and older) must complete a separate application and application fee.
7. Renters Liability Insurance is required at a minimum of $100,000.
Lease terms are (usually) 1 year in length, and renewable at the end of each term upon evaluation of the tenant’s payment history, adherence to the terms of the lease & owner approval.
Security deposits and first month's rent must be paid in the form of a money order or cashier's check prior to occupancy. Once your application is approved, applicant(s) will have 24 hrs (business days) to decide on such property and to place a security deposit. Properties are typically held for no more than 21 days.
We DO NOT accept the Zillow rental application. Residential Equity Management does NOT advertise on Craigslist or Facebook Marketplace.
*We Do Business in Accordance with State and Federal Fair Housing Laws. It is Illegal to Discriminate Against Any Person Because of Race, Color, Religion, Sex, Handicap, Familial Status or National Origin.

Additional Details
Total Unit Count: 1
Last Updated: Updated 18 minutes ago
Contact Number: (916) 458-5244
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Comcast Corporation 987.0 35.0
ViaSat, Inc. 100.0 3.0
AT&T Inc. 75.0 20.0
Hughes Network Systems, LLC 25.0 3.0
AT&T Inc. 18.0 0.768
Data from June 2020 provided by the FCC
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for A Spacious 4 Bdrm + Office, 3 Bath by bedroom type below.
4 Bedroom
Suggested income:
$138,600
per year
Rent report

A Spacious 4 Bdrm + Office, 3 Bath Rent vs. Folsom Average

 A Spacious 4 Bdrm + Office, 3 Bath      Folsom Average
4BR
$3,850
$3,703
$0
$1,300
$2,600
$3,900
$5,200

A Spacious 4 Bdrm + Office, 3 Bath is asking 4% more than the average 4 bedroom apartment in Folsom.

If you downsized to an average priced Folsom 3 bedroom apartment, you would pay 28% less per month.

A Spacious 4 Bdrm + Office, 3 Bath provides 33% more square footage than the average Folsom 4 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
A Spacious 4 Bdrm + Office, 3 Bath
4BR $3,850 $1.30 $11,550
Folsom Average
Studio $2,995 $7.50 $8,985
1BR $2,464 $3.50 $7,392
2BR $2,505 $2.60 $7,516
3BR $2,884 $1.90 $8,652
4BR $3,703 $1.70 $11,109

Availability in Folsom

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 83 2BR units on the market in Folsom. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
3% 35% 41% 15% 4%
Available Units in Folsom
Studio 6
1BR 70
2BR 83
3BR 30
4BR 9
Location
Nearby Colleges
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 2,926 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are 4 bedroom units available.
How many bathrooms are in the available units?
There are 3 bathroom units available.
What's the monthly rent at this property?
A Spacious 4 Bdrm + Office, 3 Bath has a 4 bedroom unit starting at $3,850.
Where is this property located?
This property is at 365 N Lexington Dr in Folsom, CA. It's 2.1 miles east from the center of Folsom.
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